Core Viewpoint - The article emphasizes that despite the prevailing narrative of economic hardship, certain industries are thriving and generating substantial profits, particularly in the context of Japan's "lost 30 years" and the evolving consumer behavior in China [3][4]. Group 1: Economic Shifts and Opportunities - The concept of a "low-desire society" does not equate to a lack of opportunities, as consumer demand is shifting towards different sectors [4]. - The article identifies eight key industries that are capitalizing on changing consumer preferences, highlighting that demand migration presents significant business opportunities [5]. Group 2: Key Industries - **Second-Hand Economy**: The second-hand luxury market in Japan, exemplified by companies like Daikokuya, has seen a dramatic revenue increase. In China, platforms like Hongbulin and Panghu are experiencing similar growth [6][7][8]. - **Pet Economy**: With declining birth rates, spending on pets is rising. Companies like Inaba in Japan and Guobao in China are benefiting from this trend, with various pet brands seeing continuous sales growth [12][13][14][15][16]. - **Adult Care**: The adult diaper market in Japan has surpassed $10 billion, indicating that aging populations can create substantial economic opportunities rather than being a burden [17][18][19]. - **Health Food and Beverages**: Changes in population structure and rising health awareness have led to the growth of sugar-free beverages and functional foods in both Japan and China [21][22]. - **Beauty Economy**: The demand for beauty products, such as collagen supplements and at-home beauty devices, remains strong, indicating that consumers prioritize personal care even in economic downturns [23][24][25][26]. - **Outdoor Recreation**: Companies in the outdoor equipment sector, like Snow Peak in Japan, are thriving as consumers seek leisure activities despite economic constraints [29][30][31]. - **Convenience Economy**: The rise of frozen foods and smart home appliances reflects a shift towards convenience, with brands like Anjijia and Kewotai seeing steady growth [39][40][42]. - **Lazy Economy**: The trend of reduced cooking time among younger generations has led to increased demand for time-saving products, suggesting that time-saving solutions may hold more commercial value than cost-saving ones in a low-desire economy [39][42]. Group 3: Market Sentiment - The article argues against the notion that the current market is in a "cold winter," suggesting that the true winners in a low-desire era are those who can identify and invest in counter-cyclical opportunities [44].

（来源：千龙网） 年轻人问诊定制香囊；在消费场所开设"烦恼粉碎计划""颂钵音乐会"等项目，将消费转化为情绪释放的 载体；一杯限定奶茶、一个盲盒、一场演唱会、一次沉浸式"悦己游"……随着"爱你老己"这句热梗席卷 社交网络，情绪消费这一新兴消费方式深度融入日常生活，成为驱动消费升级的重要力量。中国情绪经 济市场规模持续飙升，预计2029年将突破4.5万亿元。 做优"悦己消费"，有力驱动消费升级。年轻人的消费行为早已突破了传统购物的局限，开始转向以情绪 价值为核心的多元消费体验。在宠物店铺里，年轻人可以与宠物猫亲密互动，享受治愈时刻；中医把脉 摊位和"烦恼粉碎计划"等项目，成为年轻人释放情绪的出口；手作潮玩领域中，"拼豆"话题播放量突破 96亿次，治愈系手工备受追捧。在马年春节临近时，悦己消费也融入了年货采购之中。这充分表明，为 情绪价值买单的热潮已逐渐融入人们的日常生活，成为驱动消费升级的重要力量。 厂商与消费者"情绪共振"，共同开辟消费新空间。消费者需求的转变促使供给侧加速共建"情感共鸣"。 比如，在潮玩赛道上，泡泡玛特LABUBU系列爆火，名创优品原创IP YOYO热销，都彰显了原创潮玩 的情感号召力。无疑， ...

Core Insights - The article discusses how certain industries are thriving despite a general perception of economic downturn, highlighting eight key sectors that present significant business opportunities in a low-desire society [3][4]. Group 1: Key Industries - **Second-Hand Economy**: The second-hand luxury market in Japan, represented by companies like Daikokuya, has seen a surge in revenue. In China, platforms like Hongbulin and Panghu are experiencing similar growth, indicating a shift in consumer spending towards second-hand goods [6][7][8][9]. - **Pet Economy**: With declining birth rates, young people are spending more on pets, leading to significant growth in pet food and healthcare products. Companies like Inaba in Japan and Guobao in China are capitalizing on this trend [11][12][14][15]. - **Adult Care Products**: The adult diaper market in Japan has surpassed $10 billion, indicating a growing demand for adult care products in China, with companies like Kexin showing potential for growth [16][17][18]. - **Health Food and Beverages**: The rise in health consciousness has led to increased demand for sugar-free beverages and functional drinks. Brands like Dongfang Shuye and Jianchun are gaining traction in this sector [21][22]. - **Beauty Economy**: The demand for beauty products, including collagen supplements and at-home beauty devices, is on the rise. Companies like Jinbo Biological are seeing significant market value growth [23][25]. - **Outdoor and Leisure Products**: The outdoor equipment market is thriving, with brands like Kailas and Camel experiencing rapid sales growth, as consumers seek leisure activities despite economic constraints [25][26][27]. - **Emotional Economy**: Brands like Labubu and Rio are tapping into the emotional needs of consumers, providing products that offer comfort and joy, even in a tight economic climate [28][29][30]. - **Convenience Economy**: The demand for convenience products, such as frozen foods and smart home appliances, is increasing as younger generations spend less time cooking. Companies like Anjijia and Kewot are benefiting from this trend [33][35][36]. Group 2: Market Trends - The article emphasizes that the current economic climate, often viewed as a "winter," presents opportunities for those willing to invest in counter-cyclical sectors. The key to success lies in recognizing and seizing these opportunities [39].

不久前，大连海关所属大连邮局海关查验关员在对进境国际邮件进行查验时，查获一箱申报为"折纸艺术、杂志"的活体蜘蛛，经现场清点，共计504 只。经专业机构鉴定，该活体蜘蛛为委内瑞拉太阳虎（Psalmopoeus irminia），为大连海关首次截获。该查获案例获评"2025年海关查获外来物种十大案 例"。 大连海关所属大连邮局海关检疫监管科副科长熊国华介绍，近年来，一些追求时尚、新潮的宠物爱好者，不再满足于饲养传统的猫狗宠物，转而饲 养"异宠"。而异宠多为外来物种，一旦逃逸或被遗弃到自然界，可能因缺乏天敌挤压本土物种的生存空间，破坏生态平衡和影响生物多样性。我国已发现 660多种外来入侵物种，其中71种对自然生态系统造成或具有潜在威胁，59种被列入《重点管理外来入侵物种名录》实施重点管控，这些物种每年造成的经 济损失超1200亿元。 胡强介绍，一些"异宠"可能具有攻击性和毒性，也可能携带多种病原微生物，给人类健康造成严重甚至致命的影响。此次截获的委内瑞拉太阳虎性格凶 猛，移动速度快，攻击性强，具有较强的毒性，可能对某些体质过敏的人造成严重后果。据报道，2023年6月一名美国35岁男性在清洁饲养箱时被委内瑞拉 太阳 ...

宠物市场呈现多元化发展态势，犬、猫仍是主流，但水族、爬行类等小众宠物占比逐步上升。随着经济水平提升，消费观念从物质满足转向情感体验，推动 宠物消费持续增长。2021至2025年间市场规模稳步扩大，预计到2028年将突破4000亿元。这一增长趋势反映出宠物经济在情感需求驱动下正保持快速发展。 来源：炼丹炉 专业 / 高效 / 精准 2026/01 26年宠物 白皮书 R F 版权声明 本报告为「炼丹炉」原创，版权归杭州知衣科技 限公司（以下简称"知衣"）所有。 报告中所有的文字、图片、表格均受有关商标和 作权的法律保护，部分文字、图片和数据采集于 络公开信息，所有权为原著者所有，如该部分素 因客观原因未与权利人及时联系上导致不当使用 请相关权利人随时与我们联系。 任何未经知衣授权使用本报告的相关行为，均为 合法的行为，知衣将保留对相关人员追究法律责 的权利。 INTENTS 宠物行业市场概况 MARKET OVERVIEW CA 宠物行: M A R K E 养宠结构多元化趋势渐显, | 预计2028年市场规模将突破 从养宠结构看，犬、猫饲养家庭占比持 时，水族、爬行类等小众宠物的饲养占比 现。伴随经济水平的提 ...

Core Viewpoint - The discussion on the pet economy highlights the growing importance of addressing modern lifestyle needs, emphasizing a comprehensive industry chain that spans the entire lifecycle of pet care [1] Industry Insights - The pet economy encompasses a complete industry chain, including high-end pet food development, functional product manufacturing, specialized training, behavioral correction, pet tourism, and end-of-life care [1] - Each segment of the pet economy presents significant opportunities for technological empowerment and consumer upgrades, necessitating interdisciplinary collaboration across breeding, nutrition, healthcare, materials, information technology, and social services [1] Company Developments - The animal hospital at Nanjing Agricultural University is planning for expansion and upgrades to better respond to societal needs and provide a cutting-edge platform for teaching and research [1]

Group 1 - The company, Liren Lizhuang, has expanded its business beyond the beauty sector into health products and pet-related fields in recent years [1] - In addition to the Tmall platform, the company is also providing operational services for numerous brands on emerging platforms, such as Douyin [1]

Core Insights - Amazon's report serves as a guide for merchants to identify product opportunities and market trends in e-commerce [2] Group 1: AI Quality Space - The home is evolving into a space that interacts emotionally with users, with over 65% of consumers in Europe and the U.S. willing to spend more on smart home products [4][6] - The market for personalized customization, emotional interaction, and privacy is significant, focusing on how technology can meet emotional needs [7] Group 2: Sleep Economy - 37% of American adults reported a decline in sleep quality in 2023, indicating a growing market for sleep-related products and services [10][11] - Consumers are willing to invest in sleep solutions, prioritizing health and quality of life [12] Group 3: Happy Office - There is a rising expectation for workspaces to enhance comfort and productivity, with ergonomic furniture and technology gaining importance [13][14] Group 4: Subtle Technology - Consumers are seeking technology that seamlessly integrates into their lives, enhancing quality without being intrusive, exemplified by brands like Apple [15] Group 5: Pet Economy - The global pet industry is projected to grow by 45% over the next six years, with 55% of pet owners in Europe and Japan willing to spend more on pet health and insurance [16][17] - Pets are increasingly viewed as family members, creating demand for health-focused pet products and services [19] Group 6: Outdoor Cooking - The trend of outdoor cooking is growing, driven by a desire for social experiences and connection with nature [20][22] Group 7: Mobile Treasure Chest - Vehicles are transforming into multifunctional spaces, serving as homes, entertainment areas, and offices, with a focus on comfort and efficiency [23][27] Group 8: Generation Z Consumers - Generation Z, as digital natives, prioritize values-driven consumption, personalization, and unique experiences, emphasizing the need for brands to communicate authentically [28][30] Group 9: Fitness Pioneers - The health and fitness sector is evolving towards more scientific, efficient, and personalized approaches, with technology playing a crucial role [31][34] Group 10: E-sports Enthusiasts - Emerging markets are witnessing rapid growth in e-sports, with consumers seeking high-performance equipment and immersive experiences [35][37] Summary of Trends - The key drivers of these trends are technological acceleration, emotional shifts, and lifestyle changes, reflecting the complex needs of modern consumers [39] - New opportunities often lie within fundamental human desires for a better life [40]

Core Viewpoint - The article discusses the planned share reduction by major shareholders of Guai Bao Pet (乖宝宠物), indicating potential shifts in ownership and concerns about the company's growth trajectory as it faces increased competition in the pet industry. Shareholder Actions - Major shareholders Beijing Junlian and Zhuhai Junlian plan to reduce their combined holdings by up to 7.61 million shares, representing 8.33% of the total share capital [2][3] - Beijing Junlian currently holds 23.17 million shares, while Zhuhai Junlian holds 10.17 million shares, both acquired before the company's IPO [3] - Previous reductions by these shareholders have already resulted in cashing out nearly 1.5 billion yuan [4] Financial Performance - Guai Bao Pet's revenue grew from 2 billion yuan in 2020 to over 5.2 billion yuan in 2024, maintaining an annual growth rate above 20% [8] - In the first three quarters of 2025, the company reported revenue of 4.74 billion yuan, a year-on-year increase of 29.03%, but profit growth slowed to 9.05% [8] - The third quarter of 2025 saw a decline in net profit by 16.65%, leading to a significant drop in stock price [8][10] Market Competition - The pet industry is experiencing intensified competition, with over 70 new brands launching more than 100 new pet food products in the first half of 2025 [9] - Guai Bao Pet has increased its marketing expenses significantly, with a 48.6% rise to 1.034 billion yuan in the first three quarters of 2025, but the return on marketing investment has decreased [10] Stock Market Performance - Following the release of the third-quarter report, Guai Bao Pet's stock price fell from the 70 yuan range to the 60 yuan range, indicating market concerns about its future performance [10]

Group 1 - The core theme of this year's New Year shopping is a shift from traditional goods to technology-driven products, with items like robotic dogs gaining popularity among consumers [3][5][9] - Consumers are redefining New Year goods to include personalized and emotional products, such as creative dolls and trendy accessories, reflecting a desire for unique experiences [7][9] - The rise of digital consumption vouchers has transformed the shopping experience, making it more accessible and convenient for consumers [10][12][14] Group 2 - In Henan, the launch of the online New Year goods festival has made digital consumption vouchers highly sought after, indicating a shift towards virtual shopping [12][14] - The sales of traditional items like the year orange have increased significantly, with e-commerce contributing to a 30% growth in sales compared to the previous year [17] - The transformation of year oranges into creative products, such as plush toys and decorative items, showcases the blending of tradition with modern consumer trends [15][19]